“We had a house on the market for three weeks in early July, and in the third week there were three people bidding on it - and it was a complete teardown, completely uninhabitable,’’ she said. The asking price was $2.35 million, she said, and the winning bidder paid $100,000 above that.
“It’s getting back to normal, a little,’’ she said.
Statewide home sales rose in July for the first time in six months. Hamilton credits the change to pent-up demand, record-low interest rates, and homes priced at what buyers perceive to be bargains. That said, the median price for a home in Cohasset is “upwards of $1 million,’’ she said.
“You can find some very nice houses in the $700,000s and $800,000s. Anything below $500,000 tends to need some work,’’ she said. “The least expensive is about $200,000.’’
Water proximity kicks the price higher, with $4 to $5 million not uncommon. Of the 109 properties for sale in Cohasset late last month, four were selling for $3 million or higher and eight were in the $2 million range.
Then there were the three with the more impressive asking prices.
Hamilton’s office is handling one of those properties: Cary Point, a Mediterranean-style home built as a summer cottage in the 1920s on 6 acres overlooking the ocean, and renovated at a cost of almost $6 million in 2004. The asking price is $12.9 million, down from the original $19.5 million when it first went on the market in 2008.
The five-bedroom house comes with access to two private beaches and deep-water moorings. Unusual design features include mahogany window frames with curved mullions resembling waves, and kitchen counters with precious gemstones.
The sales literature touts a “dramatic walled courtyard with a water sculpture and reflecting pool.’’ Then there’s the three-car heated garage, and another garage with a turntable floor that spins so you can get to the kitchen without walking around your vehicle.
